ITAT Update Can Taxpayers Use DTAA for Profits and Income-tax Act for Losses? Mumbai ITAT Delivers Big Relief Mumbai ITAT | Alibaba.com Singapore E-Commerce Pvt. Ltd. | Order dated 11 May 2026 Tribunal rules that each share transfer is a separate source of income and taxpayers may choose the more beneficial provisions transaction-wise In a […]
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Judicial update Supreme court upholds reassessment where fresh material reveals true nature of transaction Case: Sanand Properties Pvt. Ltd. v. JCIT | Supreme Court of India | Civil appeal no. 9107/2012 SC holds reassessment valid where survey material disclosed escaped income and no opinion was formed during original assessment In an important ruling on reassessment
JUDICIAL Update Supreme Court Allows Deduction Of Interest On Borrowed Capital Even Where Funds Benefit Subsidiary Concern Case: L.K. Trust v. Commissioner of Income Tax | Supreme Court of India SC reiterates that commercial expediency and business purpose remain the decisive tests under Section 36(1)(iii) Delivering an important clarification on the scope of deduction under
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